GFM Network News

U.S. livestock: CME hogs end quarter mostly higher on short-covering

Chicago | Reuters — The bulk of Chicago Mercantile Exchange lean hog contracts on Friday finished higher in the final trading session for the quarter, ignited by fund buying and short-covering, said traders. They said futures rallied from earlier losses on Friday and prior to late Thursday’s U.S. Department of Agriculture quarterly hog report. The […] Read more

U.S. livestock: CME hog futures rise again

Chicago | Reuters — Chicago Mercantile Exchange lean hog contracts landed in positive territory for a second straight day on Friday, lifted by short-covering and technical buying that offset bearish fundamentals, traders said. December lean hogs closed 1.425 cents/lb. higher at 46.8 cents, and February ended 1.675 cents higher at 54 cents (all figures US$). […] Read more

U.S. livestock: Fundamentals undercut CME hog futures

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures finished weaker for the first time in four sessions on Wednesday, pressured by profit-taking and uneasiness about cash and wholesale pork prices as October Pork Month winds down, said traders. December lean hogs finished 0.425 cent/lb. lower at 44.2 cents, and February down 0.25 cent, […] Read more